Principles of Financial Accounting.
Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 8, Problem 4QS
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To indicate which statement is true or false.

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Which one of these principles is considered for cash disbursement control Select one: O a. Print check amount by machine O b. Same staff approve and make payment Oc. Reconcile bank statement annually O d. Rarely compare checks to invoices
rlons to bas od A M5-4 Matching Cash Receipt Processes to Internal Control Principles Match each of the following cash receipt activities to the internal control principle to which it best relates. Enter the appropriate letter in the space provided. 1. A list of checks received in the mail is prepared. 2. Total cash receipts are compared to the amount on the bank deposit slip.ciep ingiz vinmouths enotazionidbem aningiz-doado sdT A. Establish responsibility B. Segregate duties C. Restrict access 2010 BM D. Document procedures E. Independently verify lood staoibal evneor 3. A password is required to open the cash register. 4. Price changes at the checkout require a manager's MS-15 (approval. nor bidde Laing 5. Cashiers are required to count the cash in their register at the beginning and end of each shift. are the journal mati prilibriode LO 5-2,5-3 201
Management uses a voucher system to help control and monitor cash payments. Which one or more of the four documents listed below are prepared as part of a voucher system of control? a. Purchase order b. Outstanding check c. Invoice d. Voucher
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